Toyota unit to sell NZ$640 mln uridashi bond

Newswire

TOKYO, Feb 28 (Reuters) - Toyota Motor Credit Corp., a unit of Japan's Toyota Motor Corp. is selling NZ$640 million ($450 million) in uridashi bonds, documents filed with Japanese financial authorities showed on Wednesday. The bonds, which will be issued on March 12, will carry a 6.88 percent coupon. The sales period will run from March 1 to March 12, with a maturity date of March 26, 2009. Toyota Motor Credit is rated triple A by Moody's Investors Service and Standard & Poor's. ...

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